Compared to regular grocery stores, convenience stores have
a. higher prices and a more limited selection of goods
b. higher prices and a greater selection of goods
c. lower prices and a more limited selection of goods
d. lower prices and a greater selection of goods
e. equal prices and an equal selection of goods
A
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Which of the following questions have a macroeconomic focus?
A) How does a consumer choose which goods to consume given his/her income? B) How does demand for a good change when there is an increase in a consumer's income? C) How does a monopolist decide how much to produce? D) What is the unemployment rate in your country?
During the 2009-2010 debate on the stimulus package, democrats argued primarily for increased government spending. What effect would this have on the value of the multiplier?
a. It would decrease the value of the multiplier. b. It would have no effect on the multiplier. c. It would increase the value of the multiplier. d. The effect is uncertain.
If central banks could not create money, developing countries:
A. would find it very difficult to finance their current expenditures. B. could not finance any of their expenditures. C. could still finance their expenditures by issuing bonds. D. could still finance their expenditures by simply raising taxes.
The Phillips curve is an extension of the model of aggregate supply and aggregate demand because, in the short run, an increase in aggregate demand increases prices and decreases unemployment.
Answer the following statement true (T) or false (F)